But the tax implications of cashing in pension pots has only emerged in detail since the budget.
While this is a positive development (OPD per capita visits remain under the expected norm), it is also something to monitor carefully, in terms of the implications for cash flows and, ultimately, sustainability.
Soutar insists his title, to be edited by ex-Nuts editor Phil Hilton, will be upmarket - a post-lads' mag title aimed at 18- to 35-year-olds 'with promising careers' and, by implication, a surfeit of cash to spend on clothes, gadgets and aftershave.
STINMOD is Australia's leading static microsimulation model of nationally representative tax and cash transfer information, 30 which is maintained and further developed for the Commonwealth by the National Centre for Social and Economic Modelling and is routinely used by Commonwealth departments for assessing the distributional and revenue implications of tax and cash transfer reforms.
These relationships may pose different implications for the substitution of cash for electronic payments.
The implications are critical — more than $300 billion of cash can't be easily deployed by these U.S. companies into U.S. investments and acquisitions.
But it has a simple answer: no! Leave aside for now the fantastical prospect of an actual, society-wide end of cash, with all the vast implications for economic policy, on the unbanked, etcetera, that that would entail.
An implication of this insight is that present values of cash flows must also quantitatively justify the observed volatility and cross-correlations of asset returns.
H.P. may fear the strategic implications of a Dell victory, but agreeing to pay $2 billion net of cash — or more than three times the undisturbed share price — for 3Par appears undisciplined.
The public reports provided all a shareholder needed to understand the cash and dilution implications of the option grants.
